An address spent $23,000 betting on extreme volatility in the Fed's interest rate decision, with potential profits of up to $5.64 million

Odaily News According to a post by Lookonchain on platform X, the market expects the Federal Reserve's interest rate decision on January 28th to remain unchanged. Against this backdrop, a newly created address spent $23,000 to place bets on three extreme scenarios: an interest rate hike of 25 basis points or more, a rate cut of 25 basis points, and a rate cut of 50 basis points or more. If any of these scenarios occur, the address stands to profit over $1.27 million, over $2.01 million, or up to $5.64 million, respectively.